Equitas Small Finance Bank (Equitas SFB) on Thursday mentioned it has come to be the 1st SFB to supply its NRI client segment the ease of account opening on the internet. The bank will also be the only one in the SFB space to have virtual relationship managers based on time zones, it claimed. The on the internet course of action of account opening for NRIs can be accomplished through intelligent phone or laptop or computer connected to world wide web. Applicants will to courier documents inside 90 days following account opening.
With this move, Equitas SFB is rising possibilities for its NRI account holders to handle their investments, deposits and revenue earned in India. The Equitas net banking would also facilitate investment in mutual funds and portfolio management services for NRI account holders.
Through banking alliances, Equitas SFB also provides on the internet and offline remittance facilities to its NRI clients at the greatest exchange prices, thereby creating it a lot easier and useful to transfer their overseas earnings to India seamlessly.
Equitas SFB provides interest prices at 6.8% per annum on fixed deposits and 7% per annum on SB balances amongst Rs 1 lakh and Rs 2 crore for NRI accounts.